Epic Energy Limited’s wholly owned subsidiary, Epic Renewable Projects Pvt Ltd (ERPPL), has received regulatory approvals to develop a 2.70 MWh solar power project under the Distributed Renewable Energy Bilateral Procurement (DREBP) framework in Gujarat. The project, backed by PGVCL, is expected to be commissioned within 3–6 months post-PPA execution.
Epic Energy Limited has announced a significant milestone in its renewable energy journey. Its subsidiary, Epic Renewable Projects Pvt Ltd (ERPPL), has secured approvals for a 2.70 MWh solar project under the DREBP framework in Gujarat. The project will supply power to the concerned DISCOM, reinforcing India’s clean energy ambitions.
Key Highlights
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Project Size: 2.70 MWh solar power project under the DREBP framework.
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Regulatory Approvals: Grid connectivity approval and Letter of Award from Paschim Gujarat Vij Company Ltd (PGVCL) for connectivity at GETCO’s 66 kV Kera Substation.
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Timeline: Commissioning expected within 3–6 months post Power Purchase Agreement (PPA) execution.
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Ownership: Fully owned by ERPPL, structured as a Special Purpose Vehicle (SPV).
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Financing: Proposed through a mix of equity and debt at the SPV level.
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Strategic Impact: Strengthens Epic Energy’s renewable portfolio and aligns with India’s sustainability roadmap.
This development underscores Epic Energy’s proactive role in advancing distributed renewable energy projects, positioning it as a key contributor to India’s transition toward sustainable power.
Sources: Epic Energy Limited (BSE filing), SEBI Listing Regulations disclosure